so we're still in a sluggish economy. the real problem the fed faces right now, what happens if next year, everybody agrees, it is sluggish, we're going into recession. what will they do? lower interest rates? david: there is more immediate concern. that is that interest rates are going up. today we saw the 10-year yield go up significantly by about zetsche%. do you think that is going to continue to happen? >> yeah. i think that proves the point. there's a point and a time when the fed loses control. so today he talked about, under certain conditions -- david: let me stop you, just stop you there, dr. paul. has, that's a great question. has the fed lost control of interest rates? >> oh, yes because all that talk today about, yes i will raise it if i need to, i will buy more, if i need to i will dot other, whatever is necessary but in the meantime interest rates have been going up. they went up significantly today and markets are more powerful. i think back to the days when i watched the goldmark markets in the early year